Kredivo reported a 10% year-on-year increase in transaction value during Ramadan 2025. However, the company did not disclose the total transaction amount from the period.

Non-Performing Financing Remains Under 5% Threshold

According to Kredivo SVP Marketing and Communications Indina Andamari, the company’s Non-Performing Financing (NPF) ratio remained below 5%, matching its position at the end of 2024. “Even in high seasons, there’s no tendency for it to rise. In fact, it remains stable in proportion,” she said on April 15.

Internal Risk Management Supports NPF Stability

Indina explained that Kredivo’s stable NPF is not only due to user behavior but also its flexible internal risk management system. The company continues to apply responsible lending principles to maintain this trend.

Expanding Merchant Access to Support Sustainable Growth

Kredivo is focusing on sustainable growth by increasing user retention. This includes expanding integration with more offline and online merchants across various product categories to improve access to PayLater services.

OJK Notes Industry-Wide BNPL NPF Increase

Data from the Financial Services Authority (OJK) shows a steady rise in industry-wide gross NPF for BNPL financing. From 2.52% in August 2024, it climbed monthly to 3.68% by February 2025.

PHOTO: KREDIVO

This article was created with AI assistance.